$150K enough for Modular? Manufactured?

[Michael]

Hello,

We are located in Burney, CA which is an hour NE of Redding. We have been looking into pre-existing homes, but have had know luck finding any. Last night my wife and I found the lot of our dreams. We do NOT want to lose this lot. 2.39 Acres with a view, all hook-ups at lots edge; $69.9K asking price, great deal for Cali.

We have been looking at modulars, but have not priced any out yet. Can we get a 1200 - 1900 SqFt modular built and set-up for $150K. We have been approved for about $225K, but we can stretch some what further if needed. I will be calling some dealers (Fuqua and Genisis) when I get home from work. Any others I should know about?

Just want to know if we are with-in range financially; if so we will pull the trigger on this lot.

I am pretty sure we can swing a manufactured home set-up for $150K, would perfer a modular.

Thanks,
Michael

[Mac]

You sure ought to be able to. We have a Karsten triple here in NW Oregon that now starts at $91K or so - 2000SF and very nice. We paid a base of about 75, if memory serves, added skylights, French doors, wall of windows - whole thing was about 90K total including slab. You should be fine. Karsten has plants in Sacramento and Stayton, OR. (just east of Salem). I think the Fuqua stuff looks well done too, but pricey for the good looks.
Make sure to budget for well and septic, unless those are in place already.

We did something similar outside Portland five years ago, and never looked back.